ent What will the interest and principal components be in the the present value of annuity payments) (Related to Checkpoint 6.2 on page first two installments of the first year? 6-28 (Calculating 199) The state lottery's miltion-dollar pavout provides for S1 million to be paid over the course of 19 years in amounts of $5o.oo0. The first $50,000 payment is made immedi- ately, and the 19 remaining $50,000 pavments occur at the end of each of the next 19 years. If 10 percent is the discount rate, what is the present value of this stream of cash tlows? If 20 percent is the discount rate, what is the present value of the cash flows (Calculatinn tha fut 6-29